The homegrown nutraceutical skincare brand, I am Love, has received a seed funding of Rs 35 crore from a California-based angel investor, Xentel Investments.
Xentel has taken this decision to promote the innovative approach of I Am Love, which has formulated a wide range of efficacious mixes made from the blend of Modern Ayurveda and Science. The objective of the skincare brand is to redefine the relationship between nature and science.
The brand believes that what we consume in our day-to-day life, is directly responsible for the skin, hair, and nails damage that we suffer and no concealer can heal these disorders from the root. So, to give an effective ailment to these detriments, I Am Love provides a wide range of products.
Xentel is going to be a vital part in nurturing this revolutionary ideology and in the production of more compassionate products as no other skincare brand in India has ever followed this innovative and effective approach.
Showing his gratitude towards Xentel, Shilpa Rathi, the CEO of I Am Love, said, "We have always encouraged the idea of rebuilding from within instead of promoting concealment. After experiencing the trauma of acne and oily skin for my whole adult life, I reached a conclusion that no matter whatever you apply to your skin, it cannot give you long term relief, so I and my team started to execute this mission of awareness and providing solutions to other sufferers.
"Xentel has raised its hand of support for our mission and we promise that we will show our gratitude through taking this initiative to the global stage," she added.
Somany Impresa Group has announced the appointment of Shashvat Somany as the Head of Strategy. This strategic move signifies a significant step in the Group's expansive plans across its various companies, including AGI Greenpac, Hindware Home Innovation Limited, and Hindware Limited. Shashvat will play a crucial role in shaping the long-term strategic direction, collaborating closely with business leaders for the Group's ambitious growth and diversification.
In his new role, Shashvat will take charge of steering the Group's innovation and business expansion initiatives. His primary focus will be on leading AGI's global expansion initiatives, formulating a strategic roadmap to establish a strong international presence. Shashvat will also be tasked with exploring strategic partnerships, fostering innovative collaborations, and evaluating potential ventures to further enhance the Group's presence in the building products and packaging products sector.
Beyond these strategic initiatives, Shashvat will concentrate on enhancing the capabilities of the data and analytics teams, contributing to the Group's digitalization efforts. His primary objective is to ensure a comprehensive and forward-looking integration of technology across the businesses, positioning Somany Impresa Group for success in the digital age.
"I am thrilled to embark on this new chapter with Somany Impresa Group. The Group's commitment to innovation and forward-thinking approach is truly inspiring. I am confident that my experience and collaborative spirit will contribute to our ambitious expansion and diversification goals,” said Shashvat Somany, Head of Strategy, Somany Impresa Group.
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